Question
Watts Co. is considering a project that has a cost of $1.700.000 and cash flows of $600,000, $640,000, $680,000 and $720,000 over the next four
Watts Co. is considering a project that has a cost of $1.700.000 and cash flows of $600,000, $640,000, $680,000 and $720,000 over the next four years, respectively. The company's cost of capital is 10%. What is the project's Modified Internal Rate of Retum (MIRR)?
the right answer is 16.35% but how was it figured out
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
